915 Hemlock St · Micco, FL 32976

$210,000

2 bd · 2.0 ba · 1,381 sqft · Manufactured public records · 81 Days on market

Built 1985 7,405 sqft lot $83/mo HOA · 5% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +12.7/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +3.8/10.0
• 1% rule +3.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

The heart of this 1985 Homes of Merit is the brand-new center island kitchen, plenty of counter & pantry space. Beautiful, updated baths! The master suite's walk-in closet and the guest bedroom's double closets provide ample storage. Indoor laundry. Brand new durable waterproof vinyl plank flooring throughout the entire home. PVC plumbing. Not 1, not 2, but 3 large porches! All on an oversized cul-de-sac lot. A short walk to lounge and pool 1! Virtual staged pics added.

Key facts

• Larger lots
• Raised glass porch
• Updated bathrooms

Tags

• LARGER LOTS
• LANDSCAPING OPPORTUNITIES
• UPDATED KITCHEN
• UPDATED BATHROOMS
• RAISED GLASS PORCH
• GROUND LEVEL SCREEN PORCHES

Property features AI

Finance

• Other: Furnished status negotiable
• HOA & community: Association: Barefoot Bay Recreation District; Annual association fee; Association amenities include basketball court, beach access, clubhouse, golf course, full-time management, pickleball, playground, shuffleboard court, and tennis courts

Exterior

• Parking: Carport (1 space)
• Utilities: Public sewer; Water available and connected; Sewer available and connected; Electricity available and connected; Cable available
• Home design: Manufactured home; Faces west
• Construction: Aluminum siding; Stucco exterior; Shingle roof
• Exterior features: Glass-enclosed patio/porch; Porch; Rear porch; Side porch; Screened porch; Shed(s); Located on a cul-de-sac; County road frontage; Asphalt road surface

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Microwave; Refrigerator; Kitchen island; Eat-in kitchen
• Bedrooms: 2 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Built-in features; Ceiling fan(s); Eat-in kitchen; Kitchen island; Open floorplan; Vaulted ceiling(s); Walk-in closet(s)
• Laundry & utility: Washer hookup; Electric dryer hookup; Washer included; Dryer included; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $210k.

Deal economics

• At list price, monthly cash flow is $-23 ($-270/yr) — negative.
• To cash-flow at today's rent, offer at most $206k (1.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $182k (13.4% below list).
• Recommended offer: $182k (13.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 65/100 on livability (#633 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• Brevard (suburban): math 53% / reading 57% proficiency, ranked #19 of 73 in FL (top 26%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Sunrise Elementary School (math 52% / reading 57%, grade C, #892 of 2,144 statewide, top 44%, 759 students, 58% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Bayside High School (math 27% / reading 40%, grade F, #400 of 667 statewide, top 61%, 1,854 students, 51% FRL).
• Zoned-school proficiency averages 42% at this address vs 55% district-wide (-12 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: 186 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $181,879 (13.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.87% ✗
• Cap rate: 6.16%
• Cash-on-cash: -0.46%
• DSCR: 0.98
• GRM: 9.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -17.0%
• Equity multiple: 0.40×
• Total profit: $-35,431
• Equity at exit: $31,312

10-year hold

• IRR: -8.9%
• Equity multiple: 0.45×
• Total profit: $-32,568
• Equity at exit: $18,157

Cash invested: $58,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32976

• Home prices YoY: -18.6%
• Active inventory: 186
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,819 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$188 /mo · $2,251/yr
• Insurance: −$88
• HOA: −$83
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $-23

Break-even live

Break-even rent $1,847

Max offer price $206,021

Occupancy floor 96%

Sensitivity live

Price	-10% $96	-5% $37	+0% $-23	+5% $-82	+10% $-141
Rent	-10% $-166	-5% $-94	+0% $-23	+5% $49	+10% $121
Rate	-1.0pp $83	-0.5pp $31	base $-23	+0.5pp $-77	+1.0pp $-132

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
909 Sequoia St Sebastian, FL	2.0	2.0	1156	$1,845	$1.60	25d	1	0.13mi
805 Beech Ct Sebastian, FL	2.0	2.0	1556	$1,995	$1.28	25d	1	0.24mi
914 Pecan Cir Sebastian, FL	2.0	1.0	1000	$1,600	$1.60	25d	1	0.31mi
629 W Marlin Cir Unit NA Sebastian, FL	2.0	2.0	1104	$1,400	$1.27	15d	1	0.35mi
702 Lark Dr Sebastian, FL	3.0	2.0	1296	$1,775	$1.37	25d	1	0.45mi
904 Red Bud Rd Sebastian, FL	3.0	2.0	1278	$1,500	$1.17	25d	1	0.51mi
621 Hyacinth Cir Sebastian, FL	2.0	2.0	1324	$1,850	$1.40	25d	1	0.56mi
415 Plover Dr Sebastian, FL	3.0	2.0	1200	$2,400	$2.00	25d	1	0.58mi
1207 Marigold Dr Sebastian, FL	2.0	2.0	1104	$1,500	$1.36	25d	1	0.64mi
7629 Chasta Rd Sebastian, FL	2.0	2.0	958	$1,600	$1.67	25d	1	0.69mi
7606 Cedar Bark Rd Sebastian, FL	2.0	2.0	1273	$1,800	$1.41	25d	1	0.70mi
830 Lychee Dr Sebastian, FL	2.0	2.0	1269	$2,000	$1.58	25d	1	0.70mi
706 Hyacinth Cir Sebastian, FL	2.0	2.0	1062	$1,750	$1.65	25d	1	0.72mi
7597 Cedar Bark Rd Sebastian, FL	2.0	2.0	902	$1,700	$1.88	25d	1	0.73mi
7419 Tourmaline Dr Unit Annual Grant-Valkaria, FL	3.0	2.0	1676	$2,200	$1.31	25d	1	0.76mi
7349 Tourmaline Dr Grant, FL	3.0	2.0	1735	$2,200	$1.27	25d	1	0.84mi
1112 Pocatella Dr Sebastian, FL	2.0	2.0	1370	$1,900	$1.39	25d	1	1.04mi
7181 Blue Shore Rd Grant, FL	3.0	2.0	1598	$1,995	$1.25	25d	1	1.11mi
1315 Barefoot Cir Sebastian, FL	2.0	2.0	1167	$2,300	$1.97	25d	1	1.18mi
8520 US Highway 1 Unit D5 Sebastian, FL	2.0	2.0	1533	$1,250	$0.82	15d	1	1.38mi
8520 US Highway 1 #10 Sebastian, FL	2.0	2.0	1091	$1,800	$1.65	25d	1	1.38mi

HOA detail

• Monthly dues: $83 · $996/yr
• Likely covers: waterpool

Listing history 18 events

1. 2026-03-07
   listed $210,000 Active
2. 2025-07-17
   soldstatus $195,000
3. 2024-08-14
   soldstatus $205,000
4. 2024-08-13
   soldstatus $205,000 Closed 478-char remark

   Show marketing remark (481 chars)

   The heart of this 1985 Homes of Merit is the brand-new center island kitchen, plenty of counter & pantry space. Beautiful, updated baths! The master suite's walk-in closet and the guest bedroom's double closets provide ample storage. Indoor laundry. Brand new durable waterproof vinyl plank flooring throughout the entire home. PVC plumbing. Not 1, not 2, but 3 large porches! All on an oversized cul-de-sac lot. A short walk to lounge and pool 1! Virtual staged pics added.

5. 2024-08-13
   soldstatus $205,000 Closed 481-char remark

   Show marketing remark (481 chars)

   The heart of this 1985 Homes of Merit is the brand-new center island kitchen, plenty of counter & pantry space. Beautiful, updated baths! The master suite's walk-in closet and the guest bedroom's double closets provide ample storage. Indoor laundry. Brand new durable waterproof vinyl plank flooring throughout the entire home. PVC plumbing. Not 1, not 2, but 3 large porches! All on an oversized cul-de-sac lot. A short walk to lounge and pool 1! Virtual staged pics added.

6. 2024-08-13
   soldstatus $205,000 Closed

   Show marketing remark (481 chars)

   The heart of this 1985 Homes of Merit is the brand-new center island kitchen, plenty of counter & pantry space. Beautiful, updated baths! The master suite's walk-in closet and the guest bedroom's double closets provide ample storage. Indoor laundry. Brand new durable waterproof vinyl plank flooring throughout the entire home. PVC plumbing. Not 1, not 2, but 3 large porches! All on an oversized cul-de-sac lot. A short walk to lounge and pool 1! Virtual staged pics added.

7. 2024-07-31
   status Pending 481-char remark

   Show marketing remark (478 chars)

   The heart of this 1985 Homes of Merit is the brand-new center island kitchen, plenty of counter & pantry space. Beautiful, updated baths! The master suite's walk-in closet and the guest bedroom's double closets provide ample storage. Indoor laundry. Brand new durable waterproof vinyl plank flooring throughout the entire home. PVC plumbing. Not 1, not 2, but 3 large porches! All on an oversized cul-de-sac lot. A short walk to lounge and pool 1! Virtual staged pics added.

8. 2024-07-31
   historical Active Under Contract

   Show marketing remark (478 chars)

   The heart of this 1985 Homes of Merit is the brand-new center island kitchen, plenty of counter & pantry space. Beautiful, updated baths! The master suite's walk-in closet and the guest bedroom's double closets provide ample storage. Indoor laundry. Brand new durable waterproof vinyl plank flooring throughout the entire home. PVC plumbing. Not 1, not 2, but 3 large porches! All on an oversized cul-de-sac lot. A short walk to lounge and pool 1! Virtual staged pics added.

9. 2024-07-31
   historical Active Under Contract 478-char remark

   Show marketing remark (478 chars)

   The heart of this 1985 Homes of Merit is the brand-new center island kitchen, plenty of counter & pantry space. Beautiful, updated baths! The master suite's walk-in closet and the guest bedroom's double closets provide ample storage. Indoor laundry. Brand new durable waterproof vinyl plank flooring throughout the entire home. PVC plumbing. Not 1, not 2, but 3 large porches! All on an oversized cul-de-sac lot. A short walk to lounge and pool 1! Virtual staged pics added.

10. 2024-07-01
    listed $209,990 Active 478-char remark

    Show marketing remark (478 chars)

    The heart of this 1985 Homes of Merit is the brand-new center island kitchen, plenty of counter & pantry space. Beautiful, updated baths! The master suite's walk-in closet and the guest bedroom's double closets provide ample storage. Indoor laundry. Brand new durable waterproof vinyl plank flooring throughout the entire home. PVC plumbing. Not 1, not 2, but 3 large porches! All on an oversized cul-de-sac lot. A short walk to lounge and pool 1! Virtual staged pics added.

11. 2024-06-18
    price $209,990 481-char remark

    Show marketing remark (481 chars)

    The heart of this 1985 Homes of Merit is the brand-new center island kitchen, plenty of counter & pantry space. Beautiful, updated baths! The master suite's walk-in closet and the guest bedroom's double closets provide ample storage. Indoor laundry. Brand new durable waterproof vinyl plank flooring throughout the entire home. PVC plumbing. Not 1, not 2, but 3 large porches! All on an oversized cul-de-sac lot. A short walk to lounge and pool 1! Virtual staged pics added.

12. 2024-06-18
    price $209,990

    Show marketing remark (481 chars)

    The heart of this 1985 Homes of Merit is the brand-new center island kitchen, plenty of counter & pantry space. Beautiful, updated baths! The master suite's walk-in closet and the guest bedroom's double closets provide ample storage. Indoor laundry. Brand new durable waterproof vinyl plank flooring throughout the entire home. PVC plumbing. Not 1, not 2, but 3 large porches! All on an oversized cul-de-sac lot. A short walk to lounge and pool 1! Virtual staged pics added.

13. 2024-05-16
    price $229,990 481-char remark

    Show marketing remark (481 chars)

    The heart of this 1985 Homes of Merit is the brand-new center island kitchen, plenty of counter & pantry space. Beautiful, updated baths! The master suite's walk-in closet and the guest bedroom's double closets provide ample storage. Indoor laundry. Brand new durable waterproof vinyl plank flooring throughout the entire home. PVC plumbing. Not 1, not 2, but 3 large porches! All on an oversized cul-de-sac lot. A short walk to lounge and pool 1! Virtual staged pics added.

14. 2024-05-16
    price $229,990

    Show marketing remark (481 chars)

    The heart of this 1985 Homes of Merit is the brand-new center island kitchen, plenty of counter & pantry space. Beautiful, updated baths! The master suite's walk-in closet and the guest bedroom's double closets provide ample storage. Indoor laundry. Brand new durable waterproof vinyl plank flooring throughout the entire home. PVC plumbing. Not 1, not 2, but 3 large porches! All on an oversized cul-de-sac lot. A short walk to lounge and pool 1! Virtual staged pics added.

15. 2024-04-05
    listed $239,990 Active 481-char remark

    Show marketing remark (481 chars)

    The heart of this 1985 Homes of Merit is the brand-new center island kitchen, plenty of counter & pantry space. Beautiful, updated baths! The master suite's walk-in closet and the guest bedroom's double closets provide ample storage. Indoor laundry. Brand new durable waterproof vinyl plank flooring throughout the entire home. PVC plumbing. Not 1, not 2, but 3 large porches! All on an oversized cul-de-sac lot. A short walk to lounge and pool 1! Virtual staged pics added.

16. 2024-04-05
    listed $239,990 Active

    Show marketing remark (481 chars)

    The heart of this 1985 Homes of Merit is the brand-new center island kitchen, plenty of counter & pantry space. Beautiful, updated baths! The master suite's walk-in closet and the guest bedroom's double closets provide ample storage. Indoor laundry. Brand new durable waterproof vinyl plank flooring throughout the entire home. PVC plumbing. Not 1, not 2, but 3 large porches! All on an oversized cul-de-sac lot. A short walk to lounge and pool 1! Virtual staged pics added.

17. 2024-01-17
    soldstatus $130,000
18. 1985-10-01
    soldstatus $58,300

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,251 · $188/mo
• Projected year-2 tax: $2,251 · $188/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,825
• − Mortgage interest: −$11,763
• − Property taxes: −$2,251
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,746
• − Management: −$1,746
• − HOA: −$996
• − Depreciation: −$6,109
• Taxable loss: −$3,836
• Est. tax savings @ 24.0%: +$921
• After-tax cash flow: $650/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Brevard
• NCES district ID: 1200150
• Math proficiency: 53% ▼ -9.00%
• Reading proficiency: 57% ▼ -4.00%
• Median HH income: $49,426
• Composite: 46.86/100
• National rank: #2370
• State rank: #19 of 73 in FL

Livability — Micco

• Score: 65/100
• State rank: #633
• US rank: #12408

Category grades

Amenities F Commute F Cost of living A+ Crime B- Employment D Housing A+ Health & safety D- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Micco, FL
• Population (ZIP): 9,237

Population outlook (Brevard County) Hauer SSP2

• Today (2025): 623,254 people
• By 2030: 648,420 · +4.0%
• By 2040: 690,009 · +10.7%
• By 2050: 715,669 · +14.8%
• By 2075: 775,744 · +24.5%
• By 2100: 776,687 · +24.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 4% Two or more races 1% Asian 1%
• Common ancestry: Lithuanian 5% Romanian 4% Iranian 2%
• Foreign-born: 4% · Canada, Jamaica
• Languages at home: 95% English-only · Spanish 3%

Political lean MEDSL · Brevard

• 2024 margin: Strong R (+20.8) · D 39.1% · R 59.9% · Other 1.0%
• 2008→2024 swing: -10.4pp toward R · 2008: -10.4pp · 2024: -20.8pp
• All cycles: 2024: R+20.8 2020: R+16.4 2016: R+19.8 2012: R+12.7 2008: R+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -73.57%
• Current HPI: 321.5196
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+260.2% since first listed

18 events — show timeline

• 2026-03-07 Listed $210,000 SCMLS
• 2025-07-17 Sold (Public Records) $195,000 Public Records
• 2024-08-14 Sold (Public Records) $205,000 Public Records
• 2024-08-13 Sold (MLS) $205,000 RAIRCMLS
• 2024-08-13 Sold (MLS) $205,000 SCMLS
• 2024-08-13 Sold (MLS) $205,000 Beaches MLS
• 2024-07-31 Pending — SCMLS
• 2024-07-31 Contingent — RAIRCMLS
• 2024-07-31 Contingent — Beaches MLS
• 2024-07-01 Listed $209,990 Beaches MLS
• 2024-06-18 Price Changed $209,990 SCMLS
• 2024-06-18 Price Changed $209,990 RAIRCMLS
• 2024-05-16 Price Changed $229,990 SCMLS
• 2024-05-16 Price Changed $229,990 RAIRCMLS
• 2024-04-05 Listed $239,990 RAIRCMLS
• 2024-04-05 Listed $239,990 SCMLS
• 2024-01-17 Sold (Public Records) $130,000 Public Records
• 1985-10-01 Sold (Public Records) $58,300 Public Records

Property tax history

+12.4%/yr

Latest (2025): $2,251 · -32.0% YoY. Source: county tax records.